Finance

Many people struggle with mounting debts because they don’t take a moment to improve their money-handling skills. If you can get a handle on your expenses, you can avoid some costly mistakes. Most people face financial challenges because they have poor money management skills. Recent studies show that most Americans are not in a position …

There are many benefits to taking part in a Section 1031 property exchange. In addition to legally escaping the capital gains tax, you get to grow your investment portfolio and diversify your rental income. Through the IRS, the government gives you leeway to defer tax payment on any capital gains. Surprising as that might sound, …

According to Bank of America’s 2018 fall report, 72% of young adults surveyed prioritize owning a home over getting married or having children. This is mainly because they equate personal success with home ownership, as this decision to invest in a home makes them feel mature and responsible. Additionally, young adults look into buying their own home …

A refinance mortgage is a mortgage plan that is mainly used to reduce the number of premiums paid by the client. The new lease can include new terms for monthly payments, the amount borrowed, and the length of the repayment period. Defining what a mortgage is A mortgage is a loan used to finance a …

One of the most vital aspects of proper financial planning, resource allocation, and analysis for business owners is the capacity to generate and maintain cash flow. This will determine whether you have enough funds for paying for employees, operations, and vendors. With cash flow management, you must also factor in the costs associated with processing …

Selling a piece of real estate you own for investment purposes can be a strategic move to protect or further build your wealth. This route is worth taking when you want to get rid of an underperforming asset, reap the benefits from land appreciation or diversify your portfolio. The usual downside of this decision is …

Accruing many debts that you cannot recover can be difficult. A lot of aspects of your life will be affected, especially if you have a family and you are dealing with many areas of your career. Going about your debts and finding ways to recover from them can be another problem that you need to …

There is a huge income potential for people who want to get started with selling Medicare insurance. With around 10,000 baby boomers turning 65 years old in the next decade, the Medicare market is expected to grow for the near future. This only means more people are going to buy insurance in the next few years. …

Real estate is one of the biggest commodities in the world. A report by London-based real estate advisor Savills pegs the value of all global property at a whopping $217 trillion. To put this into context, the value of all the gold ever mined is approximately $6 trillion, meaning today’s global real estate value is 36 …

FOMO or fear of missing out is a term that Millennials use to describe that all-consuming anxiety of not being able to enjoy the same, fun stuff that their friends and peers enjoy. Apparently, it is not just on vacations (like beach trips or out-of-the-country explorations) or parties that this feeling occurs, and it is …